£283,624
This estimated value is based upon the latest sale price for the house of £240,000 on 9 Oct 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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27 Gobions Avenue, Romford, RM5 3SS
Phone: 01708954923
| Price Paid | Date |
|---|---|
| £240,000 | 9 Oct 2020 |
| £87,500 | 28 Sep 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 678 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in October 2020 the House Price Index for GREATER LONDON was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £240,000 results in an estimated price of approximately £283,624.
| 9 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £240,000 | £43,624 | £283,624 |
The Postcode Pricing Model uses changes in average sales price within the RM5 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 30.274 % | £72,657 | £312,657 |
| 3 Month Average | 27.575 % | £66,179 | £306,179 |
| 6 Month Average | 21.583 % | £51,798 | £291,798 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £390,000 | £390,000 | 164 CHASE CROSS ROAD |
| 1 Dec 2023 | £595,292 | £577,000 | 13 PHILAN WAY |
| 23 Nov 2023 | £333,465 | £325,000 | 142 CHASE CROSS ROAD |
| 13 Nov 2023 | £323,204 | £315,000 | 7 CHELMSFORD AVENUE |
| 25 Sep 2023 | £541,947 | £530,000 | 131 CHASE CROSS ROAD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 29 Jul 2014. Using an estimated price of £283,624 means this house is valued at £4,501 per sq meter (£418 per sq foot).
The average size of a house on CHASE CROSS ROAD is 97 sq meters (1,051 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Philan Way |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Philan Way |
| Oct 2024 | Vehicle crime | Under investigation | On or near Philan Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Philan Way |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Philan Way |